NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group announced a quarterly dividend on Friday, December 6th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share on Thursday, January 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, December 24th. View Marvell Technology Group's Dividend History.

Marvell Technology Group announced that its Board of Directors has authorized a share repurchase program on Tuesday, October 16th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) announced its earnings results on Tuesday, December, 3rd. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.17. The semiconductor company earned $662 million during the quarter, compared to analysts' expectations of $660.94 million. Marvell Technology Group had a negative net margin of 16.47% and a positive return on equity of 3.59%. Marvell Technology Group's revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Marvell Technology Group updated its fourth quarter earnings guidance on Tuesday, December, 3rd. The company provided earnings per share guidance of $0.15-$0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $727.5-$772.5 million, compared to the consensus revenue estimate of $695.87 million.

23 analysts have issued 1 year price targets for Marvell Technology Group's shares. Their forecasts range from $18.00 to $32.00. On average, they expect Marvell Technology Group's share price to reach $28.30 in the next year. This suggests a possible upside of 37.7% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 4 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

Media stories about MRVL stock have trended positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Marvell Technology Group earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Marvell Technology Group.

Marvell Technology Group saw a drop in short interest in the month of February. As of February 14th, there was short interest totalling 33,160,000 shares, a drop of 26.3% from the January 30th total of 45,020,000 shares. Based on an average trading volume of 9,410,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 5.3% of the shares of the company are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Cirrus Logic (CRUS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Cisco Systems (CSCO), QUALCOMM (QCOM), salesforce.com (CRM), Intel (INTC) and Home Depot (HD).

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (15.00%), State Street Corp (2.11%), Goldman Sachs Group Inc. (1.71%), Standard Life Aberdeen plc (1.36%), Janus Henderson Group PLC (1.26%) and FIL Ltd (1.12%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Jennison Associates LLC, Argent Capital Management LLC, Bank of New York Mellon Corp, FIL Ltd, Fred Alger Management LLC, Panagora Asset Management Inc. and Wedge Capital Management L L P NC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Cambiar Investors LLC, Scout Investments Inc., Amundi Pioneer Asset Management Inc., SeaTown Holdings Pte. Ltd., Eagle Asset Management Inc., First Trust Advisors LP and FMR LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $20.55.

Marvell Technology Group has a market capitalization of $13.78 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

The official website for Marvell Technology Group is http://www.marvell.com/.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]